What is the period of validity of the policy and the period of insurance for compulsory motor vehicle liability insurance?

Additional payment for MTPL policy, or how to extend the period of use

You can extend the minimum period of compulsory motor liability insurance without problems - for this there is no need to buy a policy again or overpay for existing insurance.
All that is required from the client is to indicate for how long your right to travel is extended and pay the remaining amount of the insurance amount. For how many months the extension is issued is up to the car enthusiast to decide. It is not at all necessary to renew the insurance policy for the entire period of its validity! Be careful! If you are late in paying additional payments for car insurance for a minimum period of 30 days after the expiration of the compulsory motor liability insurance policy, you may receive a refusal from the insurer to renew it. He has the right to demand the conclusion of a new contract, which will cost an additional tidy sum.

In accordance with the law, the insurance company extends the compulsory motor third party liability insurance contract one month before its expiration upon request. This is regulated by the provisions of the Civil Code of the Russian Federation on public contracts (Articles 426, 445 of the Civil Code of the Russian Federation).

Based on the law, if the contract expires on August 31, you can file an appeal as early as the 1st of the same month. This is especially convenient if you are planning a trip - after returning, you can immediately get behind the wheel. In addition, contacting the insurer ahead of schedule eliminates the risk of refusal to renew due to the lack of forms. You just need to come on the day specified by the policyholder and get a new policy. In this case, you don’t have to worry about not meeting deadlines.

However, in practice, insurers are extremely reluctant to agree to a preliminary renewal. Most often the following options are possible:

• when renewing with the same insurance company, this can be done 2 weeks before the end of the old period;
• when contacting another insurer, a new contract will be concluded with you no earlier than a few days before the old one is cancelled.

And only in rare cases do insurance companies issue a new document 30 days before the expiration of the previous one. At the same time, it states that liability will arise only after a second inspection of the car. This means that you will have to undergo a technical inspection twice: once when you sign the agreement, after which it will take effect, and a second time when you apply for an extension before the expiration of the current one.

In addition to the question of whether it is possible to issue an MTPL insurance policy in advance and how long before this can be done, it is important to take into account the possibility of a discount on KBM. To receive it, you must have a year of accident-free driving. Here you need to pay attention that exactly 12 months must pass from the date of the last execution of the contract.

Therefore, when applying for new insurance before its expiration date, you need to be prepared for the fact that there will be no recalculation of the CBM, since the required period of time has not yet passed. This means that you will have to buy insurance at the current price, without taking into account the discount for accident-free driving. But if you plan to increase insurance rates, this option may be more economical.

Regardless of whether there are a certain number of days left until the expiration of the policy or its term has already expired, the presence of the owner of the vehicle is required for renewal. Without this, you can extend the MTPL policy only if the applicant has a power of attorney from the owner. This requirement is the same in all cases of applying for insurance.

In addition to the power of attorney, you need to present a standard package of documents that is required when drawing up an agreement, including a copy of the vehicle owner’s passport. Otherwise, the procedure is the same as when contacting the car owner’s insurer: you write an application, present documents, pay for the service and receive up-to-date insurance the same day.

Thus, the MTPL policy can be extended or purchased in advance without waiting for its validity period to expire. This design option has certain advantages that can be useful for the car owner. However, when making such a decision, it is worth taking into account all the nuances of such an appeal to the insurer, which are discussed above.

What is the period and term of insurance?

The validity period of the MTPL agreement is 1 year. But within this period, you can choose the period of use of the vehicle. For example, if you don’t drive a car all year, you can buy a policy with a use period of less than a year - that is, only in the months you need.

All the nuances relating to motor third party liability insurance are set out in the provisions of Federal Law No. 40 “On Compulsory Motor Liability Insurance”. This regulation establishes the standard validity period of a car insurance contract at 1 year. When you sign up for a policy, it is set by default.

Driving a vehicle with expired insurance, as well as driving without it at all, is punishable by a fine of 800 rubles .

Therefore, a month before the expiration of the MTPL policy, you should renew the contract in advance.

Can I apply again and when?

July 1, 2015 is the day when electronic and paper insurance contracts were introduced. You can take care of receiving it ahead of time, avoiding queues and last-minute cancellations due to office closures. It is easier to issue an electronic policy than a paper one.

Drivers often take out a new OSAGO policy in advance. By doing this, they do not violate any laws and regulations in force in Russia. They did not set a deadline for when you need to contact the insurance company for new car insurance. Clause 1.12 only says that the driver must apply for a new one as soon as the old one runs out.

In accordance with Articles 426 and 445 of the Civil Code of the Russian Federation, the legislator established a 30-day period for agreeing on the conditions and the same number of days for resolving disputes over the conditions. In other words, sixty days before the end of the old policy, you can contact the policyholder for a new one, until the moment the insurance ends.

The regulatory documents nowhere regulated the deadline for issuing compulsory motor insurance for the new insurance year.

Policyholders recommend applying for it 30 days before the end. Sometimes they do it earlier due to certain life circumstances. Even if you issue it in advance, the new one will be valid from the date the old one expires.

The procedure for drawing up a new contract when applying before its expiration follows the standard renewal scheme. You are required to:

1. Provide the insurer with a package of documents.
2. Write an application for a new OSAGO policy. The law does not establish a uniform form of registration, so each company has its own template that must be followed.
3. Pay the cost of insurance and present the corresponding receipt.
4. Receive a document whose validity period coincides with the issue date. It can be in electronic or paper format, depending on your preference.

How is the cost of compulsory motor insurance calculated?

The cost of an insurance policy consists of certain indicators multiplied together.

These include:

• a base rate that insurers cannot raise or lower at their discretion,
• the territory where the transport will be used in the future,
• engine power,
• driver experience,
• driver age,
• the ability to use the car by all drivers without restrictions,
• seasonality,
• facts of violation of the insurance contract,
• the bonus-malus coefficient, which many drivers often confuse with a discount, but it is a standard way of rewarding regular customers who avoid accidents.

IMPORTANT !!! Calculating all the data can significantly increase or decrease the payment for an insurance policy. Payment for compulsory motor liability insurance can be reduced by 50% or increased by 2 times. For example, residents of megacities pay a coefficient significantly higher than those living in rural areas. Absence of violations in payment of the insurance contract or careful driving of the car can help reduce the interest rate when applying for a policy.

In some cases, when the car owner cannot come to the insurer’s office, it is issued without his personal presence. Each car owner has the opportunity to conclude a compulsory motor liability insurance agreement by contacting a personal insurance agent, using the services of insurance agents at a car dealership, visiting the insurer’s office in person, or applying for a policy via the Internet.

Validity period of the MTPL policy and period of use of the vehicle

For how long can you apply for compulsory motor liability insurance? The maximum validity period is 1 year. It is worth noting that this option is the most profitable, you do not have to overpay.

When purchasing for a shorter period of time, you have to overpay as a percentage, although the total amount payable will fall. For example, to purchase a six-month policy you will have to pay 70% of the cost of annual insurance. This provides a one-time saving of 30%, but with a further purchase for another six months, the total overpayment will be 40%.

The advantage of taking out annual insurance is that even if the cost of the service increases, the price for you will be fixed and no additional costs will be required. If you plan to issue a temporary contract, it is recommended to find out in advance the cost of insurance for a year in order to extend the compulsory motor liability insurance if necessary.

When taking out a policy, it is possible to divide the period of validity of the contract. Thus, you can schedule the planned period of use 1 year in advance, for example, 2 months in winter, 3 months in summer and 1 in spring. When paying, the listed number of months is calculated, not the entire year.

Let's consider the ratio of the cost of temporary policy registration in months in relation to the annual cost:

• 3 — 50 %;
• 4 — 60 %;
• 5 — 65 %;
• 6 — 70 %;
• 7 — 80 %;
• 8 — 90 %;
• 9 — 95 %.

By making stage-by-stage payments, citizens who insure their cars under MTPL can, in practice, increase the efficiency of their insurance. By deciding for yourself for what minimum period to insure your car under compulsory motor liability insurance, you can get quite significant savings. Why pay in full for liability insurance on a vehicle that will sit idle for several months of the year?

In any case, it is obvious that if the car's downtime is not so long, it is better to purchase a comprehensive insurance policy. The logic of lovers of “minimalism” is as follows: “In a month of vacation I can do without a car, another three to five months of frost and ice - that’s almost half a year in total. I buy a policy for three or six months, saving the rest of the amount, and then, if the need arises, I will add as much as necessary.” Agree, it is difficult to object to this!

Before considering the specific time periods of the agreement between the insurer and the motorist, you should decide on the answer to the following question: the validity period of the policy and the contract are the same thing or not.

Thus, it turns out that the policy is the “material expression” of the contract between the policyholder and the insurer, its form. Accordingly, to determine the validity period of the agreement between these parties, you just need to look at the policy. In its upper right corner the period of validity of the agreements is indicated.

If we talk about the deadlines established by law for contracts under compulsory motor liability insurance, they are as follows:

1. 1 year is the general rule. That is, if a specific situation does not have any nuances, then the policy is issued for 12 months.
2. 5 days or more – for owners of vehicles registered in foreign countries.
   The law does not explain what the maximum period of validity of the contract may be, but defines the following: insurance is issued for the period the car is in the territory of the Russian Federation. Example: a foreigner came to Russia by car for 3 days. He will have to take out insurance for 5 days, because this is the minimum insurance period. Another example: a person came to the Russian Federation for 12 days. It is more than 5 days. Insurance must be taken out for this period. A situation where a foreign car will travel on the country’s roads for a certain number of days without insurance is not allowed.
3. You can insure a car for up to 20 days in two cases. If the new owner goes to the place where the vehicle is registered. And if you need to undergo an initial or re-inspection.

In Art. 16 of the Federal Law, which has already been mentioned, uses the term “limited use”. According to the provisions of this article, the car owner has the right to insure the car for a period of 3 months, despite the fact that it was stated above: as a general rule, the policy is issued for 1 year.

Insuring for several months is beneficial not only for owners of, say, agricultural machinery that is used only in spring, autumn and summer, but also for ordinary drivers who do not have the money to buy insurance for 12 months.

We would like to add that there are 50% discounts if the offender pays the fine within 20 days. Some sources on the Internet indicate that traffic police officers can remove state registration plates from cars. This information is not current.

Use our online calculator to calculate compulsory motor liability insurance online - compare prices from different insurance companies. Save from RUB 1,498 to RUB 3,980 as the base rate may vary by 20%. No need to go to the office - you will receive an insurance policy to your e-mail

Thus, of course, the size of the fine discussed above is not scary. The scary thing is that the person at fault for the accident, who does not have liability insurance, pays for the damage from his own pocket.

It is worth noting that MTPL policies concluded for any period will always have a mark of 1 year. The number of months is prescribed separately and is called the period of use, which is actually the period during which the driver will use the car.

For example, a driver buys insurance for three months. He can choose a month in summer, a month in spring and a month in winter. How convenient for him. Accordingly, the insurance policy will cost less if you take it out for such short periods. However, if you compare the cost of an annual policy per month and a limited one for 3 months, then an annual one will cost less.

So, how much will the driver save if the period of use is 3 months? The coefficient will be 0.5. To see the full table of coefficients, consider Figure 1.

When concluding an insurance contract, you must always clearly monitor its validity period and expiration. The law establishes a fine of 500 rubles for an expired policy.

It is possible to extend the validity period of compulsory motor liability insurance, limited by periods. It is absolutely not necessary to take out a new policy every time, because, as we have already found out, this can be very unprofitable. If such a need arises, in most cases it is better to purchase a policy for the whole year at once.

Insurance calculation method

Insurance payments do not depend on the amount of payments and are calculated as follows:

SP = TB * KT * KBM * KO * KVS * KM * KPr * KS * KP * KN , where:

The sizes of base rates and coefficients are approved by the Bank of Russia in Instructions dated December 4, 2018 No. 5000-U. Basic rates differ according to the types, categories of cars and their functions, since this determines what the damage will be as a result of an accident. The Guidelines outline the limits of their smallest and largest possible values.

The Guidelines describe the coefficient rates for various territories, cities and towns separately for tractors, self-propelled road-building and other machines, as well as other vehicles. It is believed that the area where the vehicle is primarily used is the area of ​​registration of its owner - an individual or legal entity. Recommended reading:

• Registration of compulsory motor liability insurance in another region
• Procedure for restoring a lost MTPL policy
• Electronic MTPL policy: what is it and is it necessary to take it with you?
• Is it necessary to insure a car?

The bonus-malus coefficient is differentiated by the number of payments: 1, 2, 3 or more; as they increase, the value of the multiplier increases. If after a long period of time there have been no payments, a decreasing rate is provided. If a limited number of people can drive a car, this does not affect the amount of the insurance premium. Otherwise, it increases by 1.87 or 1.8 times.

The younger the driver and his driving license are, the higher the insurance payment will be.

Reducing rates are provided for the most experienced individuals. The car's passport, its technical registration certificate or other official data contains information about how much horsepower is used to make it move. The more there are, the larger the multiplier.

The shorter the period of use specified in the MTPL policy, the smaller the amount of insurance contributions due to the reducing factor. That is, if it is stated that the car will be used for 9 months a year, the amount payable will not be 100%, but 95% (reducing factor for 9 months of use, according to the Bank of the Russian Federation instructions = 0.95). If you use the vehicle for only 5 months (reducing factor = 0.65), 65% of the cost of the annual policy will be charged.

If the vehicle is planned to be used with a trailer, the insurance premium will be increased taking into account its type and category of vehicle. In the case of seasonal use of the vehicle, a reducing multiplier is applied to determine the insurance payment.

If the insurance company has discovered facts indicating that in the past you provided them with false information about the circumstances of the accident, about indicators that increase the amount of the insurance payment, overstate the amount of damage caused, or organize the accident to obtain insurance compensation, then, for the immediate period after that, insurance payment will be increased by 1.5 times.

Important! The amount of the insurance payment under the MTPL agreement should not exceed 3 base rates, taking into account the coefficient of preferential use of the vehicle, or 5 base rates if the fact of deception of the insurance company is recorded.

For example: determine the insurance premium for an individual - the owner of a BMW X5 (TB: 2,746–4,942 rubles), registered in the city of Ufa (KT = 1.8), under whose insurance policy four times were registered in the previous time period (KBM = 2 ,45) payments were made. The owner was 31 years old at the time of execution of the contract, received a driver’s license 5 years ago (KVS = 1.04), plans to drive the car independently (KV = 1). The power of this modification of the vehicle is 400 horsepower (KM = 1.6). The car will be used 5 months a year (KS = 0.65), without a trailer (KPR = 1). The owner wants to sign a contract for 9 months (KP = 0.95), no facts about the provision of false information were found (KN = 1).

The payment amount will be within the following limits:

• minimum: 2,746 * 1.8 * 2.45 * 1.04 * 1 * 1.6 * 0.65 * 1 * 0.95 * 1 = 12,443.13 rubles;
• maximum: 4,942 * 1.8 * 2.45 * 1.04 * 1 * 1.6 * 0.65 * 1 * 0.95 * 1 = 22,394 rub.

Video: Calculation of compulsory motor liability insurance in 2021

Validity period of the MTPL policy

In particular, many motorists are interested in the question of the time frame for which compulsory motor liability insurance can be issued. Before we talk about the timing of registration of a vehicle citizenship, it is necessary to distinguish 3 categories of vehicles, the conditions for obtaining insurance for which differ (N 40-FZ):

1. Vehicles registered in the territory of another state and arriving in the territory of the Russian Federation.
2. Vehicles arriving in Russia in transit.
3. Vehicles continuously operated in our country.

Now let's take a closer look at each group of vehicles. Drivers temporarily arriving in Russia in a car registered in another state must purchase a motor vehicle insurance policy for a period of five to fifteen days.

If the driver drives the vehicle to the place of technical inspection or to the place of registration, he must have insurance for exactly 20 days.

And finally, the main group of car owners whose vehicles are continuously used in our country are required to take out a standard MTPL policy for 1 year.

But here it is necessary to make a reservation that one year is the validity period of the car license agreement, but the owner has the right to choose the period of use of the car himself.

The minimum possible period of use within the annual contract is 3 months. The less the driver uses his car, the cheaper the coveted policy will cost him:

• three months of car use – half the insurance price;
• four months of vehicle use – 60% of the insurance price;
• five months of vehicle use – 65% of the insurance price;
• six months of vehicle use – 70% of the insurance price;
• seven months of vehicle use – 80% of the insurance price;
• eight months of vehicle use – 90% of the insurance price;
• nine months of vehicle use – 95% of the insurance price.

It should also be taken into account that insurance for 10, 11 and 12 months will cost the motorist the same amount. Car owners who chose the first option for the insurance period - 3 months - will be forced to pay half the cost of the MTPL policy for a year, but taking out insurance for six months will cost 70% of the total cost.

If necessary, you can extend the partial insurance period up to a year, and at the same time its total cost will not change. For the convenience of drivers, you can choose a separate period of operation of the car. For example, two months in winter and one in spring. The most important thing in this case is not to delay payments in order to avoid penalties, both from the road patrol service and the insurance company, which can recalculate the insurance cost coefficient for the rest of the term upward.

For people who have their car registered in another country, but who plan to temporarily stay in Russia, the minimum registration period is 5 days.

Basically, this provides an opportunity to settle matters and return home or transit to another country. If this time is not enough, you can apply for 15 days.

For vehicles that are sent to a place of permanent use after repair or purchase, a registration duration of 20 days is used. There is no option to extend or shorten this period. If a permanent insurance policy is not issued during this period, the owner will have to leave the country.

In fact, purchasing short-term insurance is beneficial only if the car is not planned to be used for a long time, otherwise the amount of payment for a permanent purchase of the policy may increase by 2 times.

It is recommended that if the sale did not take place over a period of time or circumstances have changed, simply extend the OSAGO, so you will only have to pay the remaining amount of the annual cost. The basic rule is that you should renew until the insurance expires, otherwise the company has the right to draw up a contract again.

It is most economical to buy for the period you plan to use. If there is no need for a car for some time, you will be able to save 5-50%. Otherwise, you will only have to spend a little time renewing the contract.

For residents, compulsory motor liability insurance is issued for 1 year, then a re-drafting of the insurance contract is required.

First, you should understand the difference between two important definitions that characterize compulsory motor liability insurance for registration:

1. Validity of car insurance. It is always unchanged and equal to one calendar year.
2. Time to use the insurance policy. It is adequate to the period during which the driver expects to operate his vehicle, and at a maximum is equal to the policy year.

According to Art. 1 of the Federal Law “On Compulsory Motor Liability Insurance”, under a compulsory insurance contract, the insurer, having received money from the policyholder in a certain amount (calculating it is a separate story), assumes the following obligation: in the event of an insured event, pay the victim or several victims in an accident money, in damages account. The upper limit of payments is limited by law, but that is not the point.

If the contract expires, the insurer’s obligation to compensate the victim for damage will not be relevant, because the company that issued the MTPL policy undertakes to comply with the agreements during the period of validity of the policy.

Thus, if a driver whose insurance is expired causes an accident, he will have to pay for the damage out of his own pocket. The insurance company rightly noted that at the time the incident occurred, there were no agreements.

In addition, according to the Russian Federation Traffic Regulations, driving a vehicle without insurance is an administrative offense for which the relevant Code provides for liability.

The culprit's MTPL contract has expired. What to do?

A victim of an accident has three ways to obtain compensation for damages:

1. Contact your insurance company
2. Agree with the culprit yourself
3. Collect damages from the culprit through the court

Let's look at each option separately.

Assisting the insurance company in obtaining compensation for damage.

You need to write a corresponding application. Conduct an examination and receive payment from your insurance company. Typically, insurance companies meet their clients halfway, because... the law allows them to then recover all payments from the culprit, using the right of recourse . However, it also happens that the insurance company refuses to pay and then you need to take independent steps.

Receive payment from the culprit yourself.

To do this, at the scene of the accident, obtain the following information from the culprit:

• Full name
• Residence and registration address
• Telephone
• Passport details

If the culprit is not willing to provide this data, it can be obtained from the copy of the protocol that is due to you.

The next step should be to conduct an independent examination. Following the results, the expert will give you a complete list of all damages and the amount required to eliminate them. The main point is that the culprit must be present at the inspection of your vehicle by an expert and confirm that the examination is independent and correct.

If the culprit of the accident is ready to compensate you for the damage voluntarily, no problems should arise. Just don’t forget to draw up an act of transfer of funds and the absence of mutual claims.

If the culprit of the accident refuses to settle the issue peacefully, then you can recover damages from him through the court.

Collecting compensation for damages from the culprit of the accident through the court.

First you need to get two documents:

• Violation decision. Issued to the culprit
• A copy of the accident certificate

The next step is to draw up a pre-trial claim. Already at this stage, we recommend contacting a lawyer. If the culprit does not respond to the claim, you file a lawsuit against him. For competent lawyers, it will not be difficult to recover full compensation for damages + all expenses that you incurred using legal services.

Federal Law “On Compulsory Motor Liability Insurance” and Rules for Compulsory Motor Liability Insurance

The minimum period of MTPL insurance varies depending on the type of car, place of registration and some other factors. So, if a vehicle is registered and registered outside the Russian Federation, the minimum time for it is 5-15 days. For transit vehicles or vehicles heading to the inspection site, a time period of 20 days is established.

For the first two categories, questions should not arise - everything is clear there. As for the third category of auto insurance subjects: it all depends on whether the owner of the technical equipment is an individual or a legal entity. For the first group of citizens, a three-month minimum period is established, for the second - a six-month minimum (in the case of using special technical means, sanitary, agricultural equipment, etc.) period for issuing a policy.

The methodology for calculating such incomplete insurance is based on the functional dependence of its cost on the time of use. If the policy is intended to be used within three months, you will need to pay half of the entire amount for it - a coefficient of 0.5 is applied. The longer the policy is expected to be used, the closer the coefficient approaches one.

Since no additional documents are drawn up when concluding compulsory motor liability insurance for a minimum period, it means that you must be very careful: if the period of use of the vehicle goes beyond the time frame covered by the policy you purchased, any traffic police officer has the right to apply penalties, since this will be considered driving without a valid insurance policy.

Based on what has already been stated, we note that the MTPL policy ceases to be valid. Past agreements between the car owner and the insurer are not taken into account. But calling OSAGO invalid is wrong. More precise wording:

• inactive;
• expired;
• expired.

Based on the norms of legislation, in particular civil law, a document that is drawn up with any violations of the law is considered invalid.

If the policy meets all current requirements, but its validity period has expired, then it cannot be called invalid. He's:

• made using official form;
• issued in accordance with the rules provided for by law;
• an insurer who has a license and other necessary documents, an insured who owns a vehicle and is legally competent.

But this is all a discussion about wording. By and large, it does not matter whether the policy is called invalid or inoperative. It is important that if the date and time of expiration have arrived, then there are no longer any obligations between the parties to the contract.

Many car owners approach the choice of insurer very lightly, citing the fact that “the cost is the same almost everywhere.” They also often cite as an argument the fact that even if the insurance company goes bankrupt, the policy will still be in effect.

How much will car insurance cost a driver?

Short-term insurance policies are significantly more expensive. When taking out insurance for 3 months, the motorist will have to pay 50% of the total insurance amount for the year, for 4 months - 60%, 5 months - 65%, and if the registration is carried out for 6 months, then you will need to pay 70% of the full cost . 7 months of using the policy will cost the motorist 80% of the cost of annual insurance, 8 months – 90%, and 9 months – 95% of the annual amount. Registration for 10 or more months does not make any sense. Payment is made at the full annual rate. In this case, it is easier to pay the full amount for one calendar year and get a policy for 12 months.

ATTENTION !!! Sometimes a car owner wants to sell a car, so he takes out insurance for a shorter period. If suddenly the deal does not go through, he can extend the insurance policy until the end of the policy year. The remaining 9 months will cost him 50 percent of the annual price.

You can insure a car for a limited period of use for three months.

Such vehicles include:

• Equipment designed for snow removal
• Agricultural machinery.

Long term insurance simply does not make sense for this type of transport.

How is Ks taken into account when applying for compulsory motor liability insurance?

Every driver is required to have a liability insurance policy. But it is not always necessary to take out insurance for the entire period. How to conclude an insurance contract for several months and is it beneficial for the car owner? You will find answers to these questions in this article.

Despite the fact that the legislator does not introduce restrictions on a territorial basis, in practice, when an accident occurs, problems with payments/repairs may arise.

All drivers participating in road traffic in the Russian Federation are required to have an MTPL insurance policy. At the moment, the cost of a car license can be calculated for 3 categories of vehicles:

1. For vehicles registered in foreign countries.
2. For vehicles traveling to the place of registration (transit) or to undergo technical inspection.
3. To register the vehicle with the traffic police and further use in the Russian Federation.

But no one is stopping the driver from first paying for 3 months (0.5 annual insurance), then extending the policy for another 3 months (0.2 annual insurance), and then paying only 0.3 annual amount for the remaining six months. In essence, it turns out to be the same installment plan. If you don’t waste your time, it’s very profitable given certain financial difficulties and our level of inflation.

Deadline for obtaining compulsory motor insurance after purchasing a car

Registration of compulsory motor liability insurance for a new car is a mandatory procedure. If a car is purchased on credit, then without compulsory motor liability insurance the vehicle is not allowed to leave the dealership.

If a car is purchased at a car dealership, the owner is offered instant registration of a policy right on the spot . Large car dealerships usually have a manager who handles new car insurance. As a rule, this is an insurance agent of a certain company or a broker who is ready to offer the buyer several insurers to choose from. This option is most convenient for the buyer.

If the owner of the car was unable to obtain a policy upon purchase, he, in accordance with clause 2 of Art. 4 40-FZ, must do this within 10 calendar days after the right of ownership of the vehicle arises and before registration actions are completed with the traffic police.

The insurance period for a new car is no different from the duration of the policy for a used car and ranges from 3 to 12 calendar months. Insurance for a car is done in 1 day if there is a current technical inspection and a full package of required documents (clause 3 of Article 15 40-FZ), containing:

• vehicle owner's passport;
• driver's licenses of persons authorized to drive a vehicle, if such a condition is included in the MTPL agreement;
• STS, PTS;
• vehicle technical inspection certificate;
• a document confirming the ownership of the vehicle (if the contract is concluded in relation to an unregistered vehicle), or a document confirming the ownership of the vehicle (if the compulsory insurance contract is concluded in relation to a rented vehicle).

If it is not the owner himself who is taking out the insurance, but another person, then it is necessary to present a power of attorney to drive this car.